KBRA Affirms Ratings for Heritage Commerce Corp
Heritage Commerce Corp (NASDAQ: HTBK) announced that Kroll Bond Rating Agency (KBRA) has affirmed its credit ratings. The company received a BBB+ senior unsecured debt rating, BBB subordinated debt rating, and K2 short-term debt rating. Its subsidiary, Heritage Bank of Commerce, received A- deposit and senior unsecured debt ratings, BBB+ subordinated debt rating, and K2 short-term deposit and debt ratings.
KBRA maintained a stable outlook for both entities' long-term ratings. The agency highlighted Heritage's disciplined approach to liquidity and capital management, along with solid credit quality position due to prudent underwriting and monitoring practices.
Heritage Commerce Corp (NASDAQ: HTBK) ha annunciato che Kroll Bond Rating Agency (KBRA) ha confermato i suoi rating creditizi. La società ha ottenuto un rating BBB+ per il debito senior non garantito, un rating BBB per il debito subordinato e un rating K2 per il debito a breve termine. La sua controllata, Heritage Bank of Commerce, ha ricevuto un rating A- per i depositi e il debito senior non garantito, un rating BBB+ per il debito subordinato e un rating K2 per i depositi e debiti a breve termine.
KBRA ha mantenuto un outlook stabile per i rating a lungo termine di entrambe le entità. L'agenzia ha sottolineato l'approccio disciplinato di Heritage nella gestione della liquidità e del capitale, insieme a una solida posizione di qualità creditizia grazie a pratiche prudenti di sottoscrizione e monitoraggio.
Heritage Commerce Corp (NASDAQ: HTBK) anunció que Kroll Bond Rating Agency (KBRA) ha reafirmado sus calificaciones crediticias. La compañía recibió una calificación BBB+ para deuda senior no garantizada, una calificación BBB para deuda subordinada y una calificación K2 para deuda a corto plazo. Su subsidiaria, Heritage Bank of Commerce, obtuvo calificaciones A- para depósitos y deuda senior no garantizada, BBB+ para deuda subordinada y K2 para depósitos y deuda a corto plazo.
KBRA mantuvo una perspectiva estable para las calificaciones a largo plazo de ambas entidades. La agencia destacó el enfoque disciplinado de Heritage en la gestión de la liquidez y el capital, junto con una sólida posición de calidad crediticia gracias a prácticas prudentes de suscripción y monitoreo.
헤리티지 커머스 코퍼레이션 (NASDAQ: HTBK)은 Kroll Bond Rating Agency(KBRA)가 신용 등급을 유지했다고 발표했습니다. 회사는 BBB+ 선순위 무담보 채무 등급, BBB 후순위 채무 등급, K2 단기 채무 등급을 받았습니다. 자회사인 Heritage Bank of Commerce는 A- 예금 및 선순위 무담보 채무 등급, BBB+ 후순위 채무 등급, K2 단기 예금 및 채무 등급을 받았습니다.
KBRA는 두 기관 모두 장기 등급에 대해 안정적인 전망을 유지했습니다. 이 기관은 Heritage가 유동성과 자본 관리를 엄격하게 수행하며, 신중한 인수 및 모니터링 관행 덕분에 견고한 신용 품질 위치를 확보하고 있음을 강조했습니다.
Heritage Commerce Corp (NASDAQ : HTBK) a annoncé que Kroll Bond Rating Agency (KBRA) a confirmé ses notations de crédit. La société a obtenu une notation BBB+ pour sa dette senior non garantie, une notation BBB pour sa dette subordonnée et une notation K2 pour sa dette à court terme. Sa filiale, Heritage Bank of Commerce, a reçu des notations A- pour les dépôts et la dette senior non garantie, une notation BBB+ pour la dette subordonnée et des notations K2 pour les dépôts et la dette à court terme.
KBRA a maintenu une perspective stable pour les notations à long terme des deux entités. L'agence a souligné l'approche rigoureuse de Heritage en matière de gestion de la liquidité et du capital, ainsi qu'une solide qualité de crédit grâce à des pratiques prudentes d'octroi et de suivi.
Heritage Commerce Corp (NASDAQ: HTBK) gab bekannt, dass die Kroll Bond Rating Agency (KBRA) ihre Kreditratings bestätigt hat. Das Unternehmen erhielt ein BBB+ Rating für ungesicherte Senior-Schulden, ein BBB Rating für nachrangige Schulden und ein K2 Rating für kurzfristige Schulden. Die Tochtergesellschaft Heritage Bank of Commerce erhielt A- Ratings für Einlagen und ungesicherte Senior-Schulden, BBB+ für nachrangige Schulden und K2 Ratings für kurzfristige Einlagen und Schulden.
KBRA behielt für die langfristigen Ratings beider Einheiten einen stabilen Ausblick bei. Die Agentur hob die disziplinierte Herangehensweise von Heritage an Liquiditäts- und Kapitalmanagement sowie die solide Kreditqualität hervor, die auf vorsichtiger Kreditvergabe und Überwachung beruht.
- None.
- None.
Insights
KBRA's rating affirmation confirms HTBK's financial stability and sound management during uncertain market conditions.
KBRA's decision to affirm ratings for Heritage Commerce Corp (HTBK) and its subsidiary Heritage Bank of Commerce with a stable outlook represents an important validation of the bank's financial position. The investment-grade ratings - including a BBB+ senior unsecured debt rating for the parent company and an A- rating for the bank's deposits - demonstrate KBRA's confidence in HTBK's operational resilience.
These affirmed ratings are particularly noteworthy considering the challenging banking environment of recent years. Many regional banks have experienced ratings downgrades or negative outlook revisions following the 2023 banking stress events, making HTBK's stable outlook a positive differentiator. The BBB+ to A- ratings position HTBK in solid investment-grade territory, which should help maintain favorable funding costs and institutional investor confidence.
KBRA specifically highlighted two critical strengths: the bank's disciplined approach to liquidity and capital management, and its solid credit quality supported by prudent underwriting and monitoring processes. For a regional bank operating across multiple Northern California markets, maintaining this credit profile demonstrates effective balance sheet management despite potential local economic pressures.
The stable outlook signals KBRA's expectation that HTBK will maintain its credit quality and financial performance over the near to medium term, providing a foundation for continued operational stability in a competitive California banking landscape.
SAN JOSE, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), announced today that Kroll Bond Rating Agency, LLC ("KBRA") affirmed the Company’s senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2. KBRA also affirmed deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the Bank. They graded the outlook of the long-term ratings for both the Company and the Bank as stable on May 9, 2025.
"I am pleased to see that KBRA's latest ratings report highlights our disciplined and conservative approach to liquidity and capital management, as it shielded the Company during the more uncertain credit and liquidity environment in recent years,” said Clay Jones, President and Chief Executive Officer. “They also recognized our solid credit quality position due to our prudent underwriting and robust monitoring.”
The complete KBRA press release on Heritage Commerce Corp is available on KBRA’s website, https://www.krollbondratings.com. The KBRA press release, credit ratings, and analysis constitute part of the information contained therein are, and must be construed solely as, statements of opinion of KBRA and not statements of fact or recommendations of KBRA or the Company to purchase, sell or hold any of the Company’s securities.
Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in Danville, Fremont, Gilroy, Hollister, Livermore, Los Altos, Los Gatos, Morgan Hill, Oakland, Palo Alto, Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San Rafael, and Walnut Creek. Heritage Bank of Commerce is an SBA Preferred Lender. Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in San Jose, CA and provides business-essential working capital factoring financing to various industries throughout the United States. For more information, please visit www.heritagecommercecorp.com.
Member FDIC
For additional information, email:
InvestorRelations@herbank.com
FAQ
What ratings did KBRA assign to Heritage Commerce Corp (HTBK) in May 2025?
What are Heritage Bank of Commerce's current credit ratings from KBRA?
Why did KBRA maintain stable ratings for HTBK in 2025?
How many branches does Heritage Bank of Commerce operate in 2025?
